Time Warner Inc. (TWX) Position Boosted by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd increased its holdings in shares of Time Warner Inc. (NYSE:TWX) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,424 shares of the media conglomerate’s stock after buying an additional 2,230 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Time Warner were worth $4,661,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TWX. Waldron LP increased its stake in Time Warner by 137.7% during the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock worth $508,000 after acquiring an additional 3,093 shares during the last quarter. Affinity Investment Advisors LLC acquired a new stake in Time Warner during the first quarter worth about $274,000. DekaBank Deutsche Girozentrale increased its stake in Time Warner by 0.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 930,566 shares of the media conglomerate’s stock worth $91,398,000 after acquiring an additional 2,685 shares during the last quarter. Grisanti Capital Management LLC increased its stake in Time Warner by 0.3% during the first quarter. Grisanti Capital Management LLC now owns 113,500 shares of the media conglomerate’s stock worth $11,090,000 after acquiring an additional 375 shares during the last quarter. Finally, Capital Fund Management S.A. increased its stake in Time Warner by 49.2% during the first quarter. Capital Fund Management S.A. now owns 36,242 shares of the media conglomerate’s stock worth $3,541,000 after acquiring an additional 11,946 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.
TWX has been the subject of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research note on Friday, July 14th. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Thursday, July 13th. Finally, Evercore ISI lowered Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.91.
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Time Warner Inc. (TWX) opened at 102.40 on Friday. Time Warner Inc. has a 12-month low of $74.68 and a 12-month high of $103.34. The firm’s 50-day moving average price is $101.65 and its 200-day moving average price is $99.76. The company has a market cap of $79.65 billion, a P/E ratio of 19.00 and a beta of 1.04.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Time Warner Inc. will post $6.10 EPS for the current year.
Time Warner Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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